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United Utilities sells 11.67% economic interest in Manila Water Company

12 November 2009

The sale was agreed for a cash consideration of USD73 million to existing Manila Water Company shareholders, Ayala Corporation and Philwater Holdings Company Inc.

On expected completion at the end of 2009, United Utilities will reinvest approximately USD1.2m in the new preference shares in Philwater Holdings Company Inc.

 

 

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